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    Preeti Verma
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    GST provides advantages such as eliminating cascading taxes, reducing logistics and warehousing costs through input tax credits. Its implementation throughout India is a significant change and reform that will have mixed impacts for FMCG companies in both lowering prices from reduced tax incidence and transforming the economy in the long run.

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    GST provides advantages such as eliminating cascading taxes, reducing logistics and warehousing costs through input tax credits. Its implementation throughout India is a significant change and reform that will have mixed impacts for FMCG companies in both lowering prices from reduced tax incidence and transforming the economy in the long run.

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    © All Rights Reserved
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    6 views2 pages

    Presentation 13

    Uploaded by

    Preeti Verma
    GST provides advantages such as eliminating cascading taxes, reducing logistics and warehousing costs through input tax credits. Its implementation throughout India is a significant change and reform that will have mixed impacts for FMCG companies in both lowering prices from reduced tax incidence and transforming the economy in the long run.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Advantages of GST

    • No cascading effect
    • Logistics cost
    • Warehousing cost
    • Input tax credit
    • No input credit on free samples
    • Working capital requirement
    CONCLUSION
    • Implementation of GST throughout India (included Jammu and Kashmir) is the
    biggest change in India. It is an outstanding step for a comprehensive indirect tax
    reform in India.

    • Implementation of GST has put mixed impact on FMCG sector.

    • Those FMCG companies whose tax incidence lowered, like Dabur, HUL, ITC have
    started to pass on the effect in the form of low prices.

    • GST may become game changer in the long run for the FMCG sector and may also
    have deep impact on Indian economy as well.

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